Strong subscriber growth boosts Converge 1H earnings
Converge ICT Solutions Inc., the only listed fixed broadband company, reported a 12 percent growth in first-half revenue of P21.8 billion, driven by continued expansion in both residential and enterprise segments.
FDI inflows up 21.3% in May, driven by debt investments
Foreign direct investment (FDI) inflows into the Philippines rose by 21.3 percent year-on-year in May, reaching US$586 million from US$483 million in May last year, according to the Bangko Sentral ng Pilipinas (BSP). The increase was mainly attributed to a surge in nonresidents’ net investments in debt instruments, which jumped by 88.3 percent to US$427 million.
Globe secures GSMA certification for number verification API
Globe Telecom has received the GSMA Open Gateway Certification for its upcoming Number Verification API, marking a key milestone in the company’s efforts to bolster digital security in the Philippines.
DOE seeks stronger flood defense for grid resilience
The Department of Energy (DOE) has voiced strong support for enhanced flood control projects, emphasizing their critical role in speeding up power restoration and safeguarding the country’s energy infrastructure during extreme weather events.
Push for RTL overhaul gains momentum
The Department of Agriculture (DA) expressed renewed optimism on Tuesday over the proposed amendments to the Rice Tariffication Law (RTL), citing growing legislative support that could pave the way for a stronger and more resilient P385-billion local rice industry.
